pages: OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2020-07-14.pdf, 12
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OaklandRedevelopmentSuccessorAgencyandtheCityCouncil | 2020-07-14 | * Concurrent Meeting of the Meeting Minutes - FINAL July 14, 2020 Oakland Redevelopment Successor Agency and the City Council 2.4 Subject: Adcock Joyner Apartments Loan Extension From: Housing And Community Development Department Recommendation: Adopt A Resolution Authorizing The City Administrator Or His Or Her Designee To Extend The Term Of The Regulatory Agreement And The Existing Loan To 532 16th St. Inc. For The Adcock Joyner Apartments To The Earlier Of 15 Years From Tax Credit Rehabilitation Loan Conversion Or July 30, 2040 20-0395 Attachments: View Report View Legislation The Council accepted Staff's amendment to correct the title and 1st further resolved to read as follows; "Adopt A Resolution Authorizing The City Administrator Or His Or Her Designee To Extend The Term Of The Regulatory Agreement And The Existing Loan To 532 16th St. Inc. For The Adcock Joyner Apartments for 15 years from the current maturity date to the newer maturity date.' Hearing no objections, the motion passed by with the following vote: 8 Ayes: Bas, Gallo, Kalb, McElhaney, Reid, Taylor, Thao, and Council President Kaplan A motion was made by Lynette McElhaney, seconded by Noel Gallo, that this matter be Adopted as Amended. The motion carried by the following vote: Aye: 8 - Bas, Gallo, Kalb, McElhaney, Reid, Taylor, Thao, and Kaplan NO VOTE: 0 3 CONSIDERATION OF ITEMS WITH STATUTORY PUBLIC HEARING REQUIREMENTS: 4 ORAL REPORT OF FINAL DECISIONS MADE DURING CLOSED SESSION & DISCLOSURE OF NON-CONFIDENTIAL CLOSED SESSION DISCUSSIONS There were no final decisions made during Closed Session. A motion was made by Larry Reid, seconded by Noel Gallo, that this matter be Accepted. The motion carried by the following vote: Aye: 8 - - Bas, Gallo, Kalb, McElhaney, Reid, Taylor, Thao, and Kaplan NO VOTE: 0 City of Oakland Page 12 Printed on 7/30/2020 | 12 | OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2020-07-14.pdf |